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The Sustainability of Startup Nation Long-Term Outlook of Israel’s Growth

The Sustainability of Startup Nation Long-Term Outlook of Israel’s Growth. Bradley Sykes 4/21/2014 ENV 406. Economic Miracle?.  1.7 million people (21% of the population) living under the poverty line Average household debt = $5000 24 th in labor productivity among OECD Nations

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The Sustainability of Startup Nation Long-Term Outlook of Israel’s Growth

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  1. The Sustainability of Startup NationLong-Term Outlook of Israel’s Growth Bradley Sykes 4/21/2014 ENV 406

  2. Economic Miracle? •  1.7 million people (21% of the population) living under the poverty line • Average household debt = $5000 • 24th in labor productivity among OECD Nations • Macroeconomic figures mask severe inequalities among labor force.

  3. Causes of Inequality • High-profile startups are sold before massive job creation can occur. • “When these entrepreneurs sell their start- up companies…they are denying the local economy the opportunity to create an industrial company that will supply jobs to a much wider segment of the workforce than any start-up can.” • Education system does not prepare students for high-tech industries • “Take the money and run” paradigm for business growth

  4. Solutions • Paradigm shift among business community • “Maybe it’s time for us to think about ourselves as a country going from a startup nation to a high-tech nation, where startup is the first step, but companies are still built in Israel, maintained in Israel and grow from Israel.” – AvishaiAbrahami, WIX CEO/Co-founder • Integration of key populations in the workforce through ICT (Information and Communications Technology) • Export Oriented Industrialization (EOI)  • Exploit position to become bridge between East/West and “convert intellectual capital to industrial growth.”

  5. Bibliography • Harkham, Ariel. "Time For The Startup Nation To Grow Up." Forbes. Forbes Magazine, 20 Feb. 2014. Web. 19 Apr. 2014. http://www.forbes.com/sites/realspin/2014/02/20/time-for-the-startup-nation-to-grow-up/ • Miller, Zack. "From Start-Up Nation To Scale-Up Nation: Israel Circa 2014." Forbes. Forbes Magazine, 17 Dec. 2013. Web. 19 Apr. 2014. http://www.forbes.com/sites/zackmiller/2013/12/17/from-start-up-nation-to-scale-up-nation-israel-circa-2014/ • Benzaquen, John. "Evolving from 'start-up nation' to 'exit nation'." www.JPost.com. The Jerusalem Post, 16 Apr. 2014. Web. 19 Apr. 2014. http://www.jpost.com/Business/Business-News/Evolving-from-start-up-nation-to-exit-nation-348632 • Teig, Amir. "Israel, startup nation? not anymore, says Google study - Business."Haaretz.com. Haaretz, 16 July 2013. Web. 19 Apr. 2014. http://www.haaretz.com/business/.premium-1.535967

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